Intermediate Accounting Made Easy

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Rich Veltri

7:16:39

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1. Introduction

1. Introduction.mp4

02:01

2. Learning Objectives.mp4

05:40

2. Review of Fundamental Concepts

1.1 Lecture 3.pdf

1. Why is Accounting Important.mp4

03:22

2.1 Lecture 4.pdf

2. Refresher on the Basics.mp4

11:25

3.1 Lecture 5.pdf

3. Time Value of Money.mp4

08:45

4.1 Lecture 6.pdf

4. The Financial Calculator is Your Friend - Part I.mp4

06:16

5.1 Lecture 7.pdf

5. Accrual vs. Cash Basis.mp4

04:38

6.1 Lecture 8.pdf

6. The Accounting Equation.mp4

08:24

7. Section 2 Knowledge Quiz.html

3. Governance & Oversight

1.1 Lecture 9.pdf

1. Who Decides.mp4

06:57

2.1 Lecture 10.pdf

2. Is Fair Value Fair.mp4

04:17

3.1 Lecture 11.pdf

3. Who Verifies.mp4

11:54

4. Section 3 Knowledge Quiz.html

4. The Income Statement

1.1 Lecture 12.pdf

1. Anatomy of an Income Statement.mp4

12:09

2.1 Lecture 13.pdf

2. Income Statement Ratio Analysis.mp4

04:17

3. Section 4 Knowledge Quiz.html

5. The Balance Sheet

1.1 Lecture 14.pdf

1. Anatomy of a Balance Sheet.mp4

02:35

2.1 Lecture 15.pdf

2. Balance Sheet Ratio Analysis.mp4

04:28

3. Section 5 Knowledge Quiz.html

6. The Statement of Cash Flows

1.1 Lecture 16.pdf

1. Anatomy of the Statement of Cash Flows.mp4

06:35

2.1 Lecture 17.pdf

2. Cash Flows Ratio Analysis.mp4

03:12

3. Section 6 Knowledge Quiz.html

7. Assets in Detail

1.1 Lecture 18.pdf

1. Receivables.mp4

16:20

2.1 Lecture 19.pdf

2. Investments.mp4

25:33

3.1 Lecture 20.pdf

3. Derivatives.mp4

12:48

4.1 Lecture 21.pdf

4. Inventory.mp4

14:23

5.1 Lecture 22.pdf

5. Property, Plant & Equipment.mp4

18:25

6.1 Lecture 23.pdf

6. Intangible Assets.mp4

09:14

7.1 Lecture 24.pdf

7. Depreciation.mp4

15:39

8.1 Lecture 25.pdf

8. Prepaid Expenses.mp4

04:05

9.1 Lecture 26.pdf

9. The Financial Calculator is Your Friend - Part II.mp4

07:59

10. Section 7 Knowledge Quiz.html

8. Liabilities in Detail

1.1 Lecture 27.pdf

1. Short-term Liabilities.mp4

14:09

2.1 Lecture 28.pdf

2. Long-term Liabilities.mp4

18:58

3.1 Lecture 29.pdf

3. Postretirement Benefits and Pensions.mp4

19:22

4. Section 8 Knowledge Quiz.html

9. Owners Equity in Detail

1.1 Lecture 30.pdf

1. Owners Equity.mp4

17:50

2. Section 9 Knowledge Quiz.html

10. Other Accounting Topics

1.1 Lecture 31.pdf

1. Accounting for Leases.mp4

31:07

2.1 Lecture 32.pdf

2. Revenue Recognition.mp4

42:47

3.1 Lecture 33.pdf

3. A Taxing Situation.mp4

17:52

4.1 Lecture 34.pdf

4. Footnotes Are Not an Afterthought.mp4

04:54

5.1 Lecture 35.pdf

5. Earnings Per Share.mp4

11:47

6. Section 10 Knowledge Quiz.html

11. Less Common Situations

1.1 Lecture 36.pdf

1. Mistakes Happen.mp4

11:09

2.1 Lecture 37.pdf

2. We Changed Our Mind.mp4

08:36

3. Section 11 Knowledge Quiz.html

12. Conclusion

1.1 Glossary.pdf

1.2 Lecture 38.pdf

1. Pulling It All Together The Accounting Cycle.mp4

06:47

Description

What Every Accountant Needs to Know in Simple Terms

What You'll Learn?

Interpret financial statements and the related footnote disclosures
Calculate financial statement ratios
Calculate time value of money, including future value and present value concepts
Identify the regulatory bodies and governance structure of US GAAP
Articulate the major differences between US GAAP and IFRS
Accounting for less common scenarios such as errors, changes in principles and restatements
Distinguish lease types and the associated accounting rules and disclosure requirements
Calculate depreciation & amortization using the most common acceptable methods
Prepare journal entries to complete the accounting cycle
Calculate earnings per share under multiple scenarios

Who is this for?

Beginner accounting students who have a basic understanding of bookkeeping

Finanical Analysts who want to understand how to read financial statements and footnotes

Experienced bookkeepers who want to understand US GAAP principles, terminology and workflows

Intermediate accounting students who want to supplement their existing classroom learning by reinforcing main concepts

Small business owners who want to understand accounting concepts, workflows and goals so they may converse with accounting service providers

Technology professionals who want to understand accounting concepts and workflows to better support accounting software

NOTE: This is not a CPA exam prep course, but the knowledge gained will certainly help

What You Need to Know?

A basic accounting course is helpful, but not required

A financial calculator is optional

More details

Description
Marketplace demand for skilled accountants has never been higher.Â Intermediate Accounting is often considered the most challenging accounting course due to the breadth and complexity of topics.Â This course breaks down the complexity into manageable pieces, taking students from strategic concepts and drilling down into the details of recording a transaction.Â Most lectures are 8-12 minutes, allowing students to consume the content at their convenience.Â The course emphasizes a methodical approach rooted in basic principles, such as matching, conservatism and consistency when confronted with a complex transaction.Â The instructor is a CPA, MBA and former Big-4 accountant known for using well-paced lectures and clear illustrations featuring examples and lessons learned from almost 30 years in finance and technology leadership roles.Â The course is ideal for those who are experienced bookkeepers or novice accountants who want to expand their skills.Â Additionally this is a great supplement to a college level accounting course, or for those contemplating a career in the field.

The high level topics include:
Journal entries / trial balance / T-accounts / double-entry accounting
Financial statements and footnotes
Disclosure trends and techniques
Postretirement benefits / debt securities / tax
Lease accounting from both lessor and lessee perspectives
Warranty and contingency accounting
Intangible assets / fixed assets / investment accounting
Inventory cost flow methods and valuation
Depreciation and amortization methods
Measurement and journalization of derivatives
Time value of money calculations
Ratio analysis
Earnings per share calculations
Securities &Â Exchange Commission (SEC) filings
Governance & regulatory bodies
Handling errors, changes in principles and restatements
Course includes downloadable materials, 150 visual illustrations of key concepts and a glossary.

What youâ€™ll learn in addition to the above topics:
A systematic approach to revenue recognition
How real companies handle disclosure of complex financial instruments
How financial ratios tell a story
The skills necessary to figure out journal entries given a set of facts
Economic substance of a transaction vs. legal form
Calculating, valuing and recording deferred tax assets and liabilities
Apply learnings to ask the right questions when reading financial statements and footnotes
Financial calculator skills on two of the most popular models
How the accounting cycle pulls all the concepts together
Who this course is for:
Beginner accounting students who have a basic understanding of bookkeeping
Finanical Analysts who want to understand how to read financial statements and footnotes
Experienced bookkeepers who want to understand US GAAP principles, terminology and workflows
Intermediate accounting students who want to supplement their existing classroom learning by reinforcing main concepts
Small business owners who want to understand accounting concepts, workflows and goals so they may converse with accounting service providers
Technology professionals who want to understand accounting concepts and workflows to better support accounting software
NOTE: This is not a CPA exam prep course, but the knowledge gained will certainly help

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Accounting

Rich Veltri

Instructor's Courses

Rich began his career as a New York state licensed CPA with PriceWaterhouseCoopers, LLC ("PwC"). He provided business assurance and consulting services to some of the world's largest telecommunications companies. Eventually he moved into Information Technology, earning an MBA in Information Systems, a Masters' Certificate in software design and PMP certification. In a 22 year IT career, Rich held various roles of increasing responsibility in Analysis, Quality Assurance, Development, Support and Project Management in the financial services industry. He also had responsibility for all point-of-sale and payments software for two of the largest retailers in the United States. Rich has been involved in hundreds of software implementations, leading large teams of internal and external resources through complex environments to achieve strategic results.

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